 鲜花( 0)  鸡蛋( 0)
|
--------------------------------------------------------------------------------
9 q$ i& _8 Z# uBelow is an Interesting article I found, which says that.....Do not / ]0 S4 f- G, i5 U: k
expect much from Crude Oil producers and future is not with the - T* K' f2 u4 u7 Y$ I) e6 H( L& G* Z
companies producing Jet fuels but Biofuels. Also no wonder if some of 4 E. [6 {: g! J+ x5 ?
these oil producer will go bankrupt or out of the business even if
( z" s6 s1 x4 ]crude prices improves. This implies also to good names such as Shell,
* p3 f/ }# M9 j' q( E5 zEXXON, BG, BP, Cheveron ....xyz.. oils
9 A% D$ n7 Y/ X( ~! Z l
V* M4 b5 A( U/ v: ORecently OPEC reduced crude oil production twice over just a few 7 i5 ?( U$ `5 u7 N
months. There are three wars going on in Gaza, Iraq and Afghandistan.
4 f/ N. U ?# ]$ MA year ago these things would have spiked the price of crude oil by at
; i+ s! [- `- V' n7 Y. Bleast $50.00 per barrel. Today, oil price declined by a record amount. , x6 E: z6 B, n \; Q' V" l9 I
8 d; h7 [6 u) E, ]2 x
8 X' I& V, n* }/ I/ Q! ^There are several reasons the price of oil is decreasing in the face ' ~! x" t5 N$ `$ t( @! u
of so much news. These reasons are:
3 w9 T3 I! `: ~6 e* @& D$ P. U2 y" [1 J
2 N% N+ G# d* l1. New oil has been found in Canada, Montana, North & South Dakota and
9 W0 m2 R3 P0 N {. bin the ocean near Brazil. Each of these oil fields has more oil than ( ]& N2 G% Z6 T4 H1 i# P
Arabia. ( i6 h7 d5 s, d8 v; ` s. h% t8 ]" R C
7 |( `! s' y. ~' x/ |- t7 d( Y; T% \
2. New natural gas has been found in Pennsylvania and West Virginia.
& ?" Y* v! f2 B+ K0 U4 {% e& UThis is the largest find in North America.
/ p1 Z1 u6 } U, y. E: m
* W; q% B9 _1 y/ c* n1 o! h5 e& _8 _; s& E" \* z) O; M
3. New methods of injecting CO2 and surfactants into oil wells is 7 \& h0 ?4 f: \" o
being used to double their output. 2 Q7 Y0 l: ^& r4 I! `5 M
! w' x) S7 x( A* c4 `1 T
- Y3 ]% ~4 x i8 v( K; A4. Production of bio-fuels is beginning to reach critical mass. Bio 8 H+ @4 M3 m4 C* W: |" \
fuel is being produced from many plants and algae. The production $ j# e3 L7 v/ J4 ~
potential per acre in some cases is astounding. Many countries are ' C5 Y) H2 I# q. e
racing to produce bio fuels. ) D) r, B _# Q ]1 f
" x3 z# H- b0 V- R
/ g9 l, @8 e: k3 W, C9 b! ]1 v- p% B5. Virtually every restaurant in the US and all food processing plants
# i" w; m0 O, b2 s w+ Oare now selling their used oil to bio-diesel producers. Every pork,
$ F3 z6 y- K Dcattle, turkey and chicken processing plant will soon sell their fat
% C6 ~3 H! h' s/ k+ I! s3 lto bio-diesel producers. One pork processing plant in Oklahoma is
1 m) X0 L% a5 uproducing 30,000 gallons of bio-diesel per day from pork fat.
9 a7 q; V I+ \8 y" G' ^$ P8 g) {: n! P
5 P$ R1 \. @. a6. There are 99 nuclear reactors in various stages of planning and ; A+ Z Y* ?7 n# r6 J% | z6 p: C
construction around the world at this time. Several hundred more are * h0 N8 C5 u% M* O3 U7 ?
expected to be built in the future. Much of the energy they produce
; g( }/ e8 p L8 ], g8 w& Iwill replace oil. 8 ]. X1 b9 j3 e( W. Z
4 U% f% `; w8 V' A: c8 S( M5 D2 q8 A5 b Y0 C6 B+ T k
7. Every company in any form of transportaion business is replacing
: H: w! f$ Q1 i9 Rolder equipment such as trucks, airplanes, train engines, ships, etc. + @; j7 G* v; ~5 S
with new more fuel efficient equipment. Airlines and railway companies
4 A* j' Y% l- j8 oare experiencing 20% to 25% better fuel econony with the new 0 }* H9 u3 z) z
equipment.
/ Z( p4 H G; X) W, l/ D# e; H9 j- y5 R" ?$ x
0 B0 P# E9 F* ]+ e* X
Airlines are flying airplanes with bio-fuel. They are finding the bio- . l" n: i6 D9 E5 \$ m/ m8 [
fuel is cleaner and performs better than jet fuel.
' s! A% y& {8 x, w
4 X6 ? Q2 ]1 {; R
! R8 T9 o4 y( }2 d8. Cities and counties throughout the US are selling the rights to ; v9 p' a$ t' y% W- r
capture methane gas from landfills. This is a huge source of gas : M3 Z- ]: L% u+ S, G: ]
available at very little cost or risk. The gas is displacing crude
: j& c- M$ B. Moil.
; g: q8 U3 f8 a, W \( j% K, T
8 E$ J, e4 t% I6 m5 k7 p8 t; i5 i& Y0 T8 C( k) `
9. Coal is being transformed into a clean burning liquid fuel. The CO2 4 L8 b, _: H) a3 k# u9 K8 l
produced as a byproduct is sold to oil companies for injection into 8 Y r, m2 p2 s" C: m( w3 H1 ?
oil wells.
% H( m, G. r5 |/ X* M B
8 K; K9 a0 w+ v/ Y; J: H3 v4 ^% k5 b7 V: v$ G) N9 e9 T* E4 N
10. Solar, wind and ocean energy is displacing oil as an energy
4 }& ] A# G" ^4 Qsource. Three new wind turbines are being erected every day in the US. + u2 P3 i% o. x% F
6 R5 L& `. [. Z7 U: |# F) o v) Q; n5 H0 ?
Each of the above by itself will not make a large difference in the
, U( H7 ^, W" t* Eprice of crude oil but the sum of all of them together is world 8 }6 o& K4 d; u; \! Q4 j4 N) {
changing. The important thing is that OPEC no longer has the ability
" p% t. T) }5 {- G/ ]- O& cto control oil prices. + T7 a/ l! N1 Q
4 h1 ^3 R/ ^# m: |% W" D
) P- w- `* \. l7 ~/ rWith the above scenario, I still believe that there are under
' r# `+ C/ @5 F# O# r( \) i* Dperformed OIL companies and probably they are yet to get the justified
' k& o# \# l- K$ J! A3 y, fvalue ..... . { ~- q: M/ X) j/ p
IAE- Ithaca , EPL Energy Partners Ltd, Opti etc ... 7 a5 Z, t1 b; z
. t0 g8 y: u3 n9 d) J- c
5 V, S/ R) H" A- D7 _6 Z& UThe above articles are from WSJ .............PUBLISHED ON 9TH JAN
q. u) T3 Y' x3 ^ ?6 d2009 ... FYI-Only |
|